Turkey 2001 50000000 lira Fr-275
This specimen was lot 74705 in Stack's Bowers Collector's Choice sale (Costa Mesa, CA, November 2023), where it sold for $360. The catalog description[1] noted, "TURKEY. 50000000 Lira, 2001. Istanbul Mint. NGC PROOF-68 Ultra Cameo. Featuring the head of a golden eagle along with a diamond setting for the eye, this specimen undoubtedly offers great eye appeal, with the cameo nature augmenting its allure that much more." In 1970, US$1 = 11.3 lira; in 1990, US$1 = 2,500 lira; in 1995, US$1 = 43,000 lira; in 2005, US$1 = 1,350,000 lira. In that year, the new lira was introduced, worth one million old lira. Normally, a new currency is accompanied by budget reforms or debt rescheduling so that the new unit can become established; however, this did not occur in Turkey.
Recorded mintage: 1,993 proofs.
Specification: 7.78 g, 0.750 fine gold, 25 mm diameter, 0.1876 troy oz AGW.
Catalog reference: Fr-275 (formerly Fr-155); KM-Unlisted.
- Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 2001-Date, 13th ed., Iola, WI: Krause Publications, 2018.
- [1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, November 2023 World Collectors Choice Online Auction - Ancient & World Coins, Costa Mesa, CA: Stack's Bowers Galleries, Inc., 2023.
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